15 Burst results for "Sam Gary"

"sam gary" Discussed on Unchained

Unchained

06:03 min | Last month

"sam gary" Discussed on Unchained

"Has always kind of heard the rumor of almost some point it wasn't even really rumored. There was some timing data you could see of certain trades where I was like, clear someone else was getting liquidation preference. But there was always the rumors of like, hey, I'll meet always had this extra low latency thing. I think the question of them having this unbounded account was never. That was actually something no one ever said. Everyone was like, oh, well, you know, if there are allowing cross margining, they have to be extremely aggressive on liquidations, including to themselves. Because they were the first exchange to offer cross margining, which is like, I can put up that and ZRX and soul and use that as my margin asset. Instead of putting up stablecoins or BTC, right? So like bitmaps only let you do BTC. Binance at that time, I don't remember. I think they do it across monitoring now, but I don't think they did then. And so that was their shtick as they were the first ones. Whatever they supposedly had better risk management, there would always brag about it. That's why I like listening to the sob story tour of Sam of the last couple of weeks. Oh, I was just bad at risk management. Well, you were telling everyone in the world publicly the exact opposite for years. You think people are going to suddenly just be like, poof that didn't happen? No, no way. I think it's interesting that crypto people who are traders knew half of the story, but never could figure out the other half, which I think that was kind of the impressive part of it. I mean, if I asked both of you, Robert and Steve, if you guys have both heard that, right? The Alameda front. People always speculated that elevator had something special. Not just speculating that people had some pretty good data of latencies of timing of transactions they sent and stuff. There was quite good evidence of it. It was clear they weren't even really hiding it that much. No one thought they had unbounded accounts though. And to be clear, I doubt that even really came into play for a long time, right? I mean, Alameda, especially last year. The ability to borrow whatever money they were borrowing, you know, de facto and FTX. And so I think there's no way to really even see what the consequences would be until Alameda blew out as they did when FTX ultimately imploded. Well, I think the idea of an unbounded account that can have negative value and negative value in the billions of dollars was so outrageous that nobody would even create a rumor of that. Whereas everybody in their gut sort of would always suspect that Alameda might get their orders to the exchange a little bit faster because that's like an advantage you would expect to exist on an exchange that doesn't have a wall separating the entities that are owned by the same owner. But nobody would have expected or guessed something so outrageous as, oh, this one account has been given extremely beneficial, unique permissions. So violate the laws of financial physics whenever it feels. Well, it also crazy that most of the company saw Newton's equations of financial physics like looking normal. There was no negative accounts. Everything was fine. And then there was this multiverse that you hopped into that was like, I guess the Gary and Sam show that had the crazy huge negative balances. The crazy thing to me, there's no way Sam did this alone based on all of the allegations and the real question to me is like who else and when will it be on earth that they conspired? Because I think even this conspiracy theory this seems a little too big for just like the 8 people. Well, so there was, I think a Reuters story, yeah, there was a story that broke that Reuters got the code base or FTX. And they found the code commit, I think that Gary, I think Gary wrote that. Nishad had a shot. But I just can't believe it's just two people who did it and also rewrote all of the frontend interfaces to hide this from every single, it does seem like there's certainly other people who have to have, yeah, yeah, yeah, for sure. For sure. At least in that meeting from right after everything collapsed, Caroline, or at least the reporting from that meeting said that what she said the meeting was that only four people knew and it was Sam, Gary nishat, and herself. Do you find that credible or do you think it has to be more beyond those four? I think it's possible. I mean, I agree that it's possible. I think it depends on all the things you had to know at the same time to have a clear picture. So in the way the code base was written, it didn't say Alameda specifically is not allowed to get liquidated. It's the PMM, which is the primary market maker, right? So the primary market could change. Except except the new account that was just discussed through the leak of the code base, which was our Korean Friends account. They made up an account for a mysterious Korean whale. So given the same special privileges as Alameda to hide billions of dollars of losses of Alameda, but instead of tagging it, the PMM are tagging it Alameda. They just called it like, oh, it's a Korean whale. Yeah, it's like, there's a no liquidate flag on the Korean white. Engineering wise, it's just really hard for me to imagine all of the systems that this touched that had to have been rewritten to like there must have been some set of engineers who had run into some QA in bugs when they ran things against prod where they found that there was this thing. And they're like, oh, that must be just a bug. And it's just like hard for me to imagine conceptually given how they made so many other mistakes that they could have perfectly hidden it in the entire engineering work. So I recently did a show with Jesse Powell and Kevin Joe and Kevin was saying that Sam was often bragging about how few engineers he had.

Alameda Gary Sam Nishad Reuters Gary nishat Steve Robert Newton Caroline Jesse Powell Kevin Joe Kevin
"sam gary" Discussed on The Breakdown

The Breakdown

08:06 min | 2 months ago

"sam gary" Discussed on The Breakdown

"Assets. Nexo sets an example for security standards in the industry. Apart from keeping their 5 million clients safe, nexo has kept building. They've just announced their non custodial smart wallet. Visit nexo IO that's NEX O dot IO and sign up today. This episode is brought to you by circle. The sole issuer of USD C and a leader in crypto that's held to a higher standard. USD C is a fast, safe and efficient way to send money around the globe. USD C is always redeemable one to one for U.S. dollars, and has over $45 billion in circulation as of October 13th, 2022. Plus, circle posts weekly reserve reports and monthly attestations of reserve capital, letting users know that USD C is safe transparent and compliant with regulations. Just go to circle dot com backslash transparency to see why USD C is a trusted stablecoin. As one of the largest, longest lasting and most secure exchanges, kraken continues to set the industry example for transparency and trust. Regular proof of reserves audits verify your balances are backed by real assets. Industry leading security keeps your funds and information safe and award winning client engagement teams are available for support 24/7. Buy crypto instantly with fast flexible funding options on kraken. Download the kraken app on Google Play or the Apple App Store or visit kraken dot com slash breakdown to join. Now there is also for Sam, the small issue of the fact that The Wall Street Journal reported that Alameda research CEO Carolyn Ellison told employees on the Wednesday before FTX went bankrupt that she, Sam, Gary Wang in the shot sing, had made the decision to send FTX customer funds to Alameda, leading many of those employees to quit on the spot and walk out. And this gets to what seems like it will be the central legal battle of all of this. Whatever Caroline said at that meeting and whatever she says in the future versus the narrative that Sam is pushing. And of course, that gets us to the biggest intrigue of all from this weekend. On Sunday morning, Sam Stan turned quote unquote citizen journalist account autism capital, published two photos of someone who certainly looks like Carolyn Ellison at a New York coffee shop from that morning. The caption read, please confirm a user claims they spotted Carolyn Ellison at ground support coffee on west broad and Soho Manhattan at 8 15 a.m.. This would mean she is not in Hong Kong and is in New York not in custody. Within a few minutes, the general manager of the coffee shop responded confirming that it was indeed her. This, as you might imagine, led to wild speculation. Why the hell is Carolyn in New York? Rumors over the last few weeks placed her location in Hong Kong or even trying to get to Dubai. It wasn't long before there was consolidation around a theory. Multiple people posted Google walking and driving maps of the under a mile between that cafe and the local FBI building. Indeed, later autism capital wrote the general consensus is that Carolyn Ellison is likely in New York cutting a deal and cooperating with southern district of New York prosecutors to roll on Sam. They went on later a highly credible source claims that Carolyn Ellison is currently being represented by Wilmer Hale, a well-known D.C. insider law firm. Please verify. Now again, to be clear, this is all serious speculation hearsay and intrigue. It should not be taken as true. The only reason I'm willing to share it here is that one, this is basically been all anyone is talking about on crypto Twitter, and that too, this autism capital account has become a central hub for people with real information to share it anonymously since this all went down. So giant grain of salt, but make of that what you will. What's more clear and for real from Friday is that the U.S. Department of Justice wants a fraud investigation into FTX. The Department of Justice filed court documents in the FTX bankruptcy proceeding on Thursday requesting an investigation. The DoJ, which was already looking into the matter, now wants the bankruptcy court to appoint an independent examiner to pro potential wrongdoing that may have led to the collapse of FTX. The filing said quote, an examiner could and should investigate the substantial and serious allegations of fraud, dishonesty, and competence, misconduct, and mismanagement by the debtors. In the same filing, the DoJ described FTX as the fastest big corporate failure in American history. The DoJ claimed that there is a substantial basis to believe that CEO Sam, along with other managers, quote, mismanaged the company or, quote, engaged in fraudulent conduct. According to a Bloomberg report from Thursday, the U.S. attorney's office for the southern district of New York and attorneys for the SEC's enforcement division have sent requests for information to crypto investors and trading firms that worked with FTX. Now, meanwhile, in the court filing, the DoJ said an examination would be preferred to an investigation because the former can be made public. They say this is quote especially important because of the wider implications that FTX is collapsed may have for the crypto industry. Point being this is getting more not less messy. Now running the show out with a couple more bankruptcy related updates. Liquidators for failed crypto hedge fund three hours capital have seized $35.6 million from bank accounts held in Singapore. This is the largest portion of money gathered by liquidators since the firm collapsed in July, leaving 3.5 billion to creditors. During the latest court hearing liquidators blasted three AC founders Kyle Davies and suzu, for talking to the media when apparently they continue to be uncooperative with the bankruptcy proceedings. Teneo, the New York based liquidation firm acting in the case said during the hearing on Friday that they have only had one phone call with each of the founders in August and that Sue and Davies have failed to provide a complete set of financial records. Gen wisner of features writer at New York magazine, live tweeted the hearing and basically said it was crazy. Three AC's liquidators are currently slamming suzu and Kyle Davies for non cooperation and accusing them of making improper payments for the yacht much wow with company funds. I'm still in the hearing soon Kyle aren't present. It's about as wild as bankruptcy hearings get, the liquidator's position is the founder's behavior shows they have something to hide. Three AC's liquidation lawyers and the judge are now debating whether they can serve suzu and Kyle Davey subpoenas via Twitter because they haven't been able to reach them any other way. No one is sure if this has ever been done before. The judge doesn't even think of Twitter subpoena will work because both Sue and Kyle may have given up their U.S. citizenship and are hanging out non extradition places like Bali and Dubai. Not only were Sue and Kyle absent in the three AC hearing, their lawyers skipped it too. I'm told they were quote very aware it was happening. Quite a power move when a half dozen lawyers accuse you in court of brazen and improper conduct and you don't even bother to send legal defense. Kyle and Sue both seem like they want to talk about this explicitly everywhere they're allowed to. So I'm sure we'll be hearing more of their side of the story in the months to come as well. And then there is genesis. I'm honestly shocked that we haven't heard anything from genesis or parent company DCG, who also owns coin desk. However, into that absence is coming legal action. Last week, the Financial Times reported that customers at Gemini earn, which is a pass through service for genesis products, had sought legal representation for negotiations with genesis. That group of creditors are owed $900 million according to the report. The second group of genesis creditors with loans amounting to an additional 900 million are now being represented by law firm pro scour rows, according to coin desk sources. A third group of creditors is still organizing and is being represented by Kirkland and Ellis, which is the law firm representing both Celsius and Voyager digital and their bankruptcy proceedings. In a letter to investors in late November, shortly after halting withdrawals, genesis said it had, quote, begun discussions with potential investors and our largest creditors and borrowers, including Gemini and DCG to agree to a solution that shores up our lending business overall liquidity and addresses clients needs. This is of course the last that we've heard about it. On Sunday, mussar is Ryan selk is walked back, some research that he and Vasari had shared last week, suggesting that things might not be as bad or at least would be survivable over at DCG. And basically still no one has any idea. Until DCG and or genesis speak up, we just don't know. And for what it's worth, whether genesis and or DCG are going under or they're going to get out of this alive. I don't believe the industry can really move forward until they do. It has now been two and a half weeks since the last public statement that tends not to be a good thing when it comes to this space. I know that there are some things that have to be dealt with behind closed doors, but I would suggest humbly. That the industry could use a little update pretty soon. Anyway, for now I want to say thanks again to my sponsors, next to dot IO, circle and kraken for supporting the show. And thanks to you guys for listening. Until tomorrow be safe and take care of each other. Peace

Carolyn Ellison U.S. Department of Justice New York Sam Nexo Alameda research autism CEO Carolyn Ellison Gary Wang Sam Stan Kyle Davies Wilmer Hale FTX Hong Kong CEO Sam U.S. attorney's office Kyle Sue Google
"sam gary" Discussed on CoinDesk Podcast Network

CoinDesk Podcast Network

04:33 min | 2 months ago

"sam gary" Discussed on CoinDesk Podcast Network

"Now there is also for Sam, the small issue of the fact that The Wall Street Journal reported that Alameda research CEO Carolyn Ellison told employees on the Wednesday before FTX went bankrupt that she, Sam, Gary Wang in the shot Singh, had made the decision to send FTX customer funds to Alameda, leading many of those employees to quit on the spot and walk out. And this gets to what seems like it will be the central legal battle of all of this. Whatever Caroline said at that meeting and whatever she says in the future versus the narrative that Sam is pushing. And of course, that gets us to the biggest intrigue of all from this weekend. On Sunday morning, Sam Stan turned quote unquote citizen journalist account autism capital, published two photos of someone who certainly looks like Carolyn Ellison at a New York coffee shop from that morning. The caption read, please confirm a user claims they spotted Carolyn Ellison at ground support coffee on west broad and Soho Manhattan at 8 15 a.m.. This would mean she is not in Hong Kong and is in New York not in custody. Within a few minutes, the general manager of the coffee shop responded, confirming that it was indeed her. This, as you might imagine, led to wild speculation. Why the hell is Carolyn in New York? Rumors over the last few weeks placed her location in Hong Kong or even trying to get to Dubai. It wasn't long before there was consolidation around a theory. Multiple people posted Google walking and driving maps of the under a mile between that cafe and the local FBI building. Indeed later, autism capital wrote the general consensus is that Carolyn Ellison is likely in New York cutting a deal and cooperating with southern district of New York prosecutors to roll on Sam. They went on later a highly credible source claims that Carolyn Ellison is currently being represented by Wilmer Hale. A well-known D.C. insider law firm. Please verify. Now again, to be clear, this is all serious speculation hearsay and intrigue. It should not be taken as true. The only reason I'm willing to share it here is that one, this is basically been all anyone is talking about on crypto Twitter, and that too, this autism capital account has become a central hub for people with real information to share an anonymously since this all went down. So giant grain of salt, but make of that what you will. What's more clear and for real from Friday is that the U.S. Department of Justice wants a fraud investigation into FTX. The Department of Justice filed court documents in the FTX bankruptcy proceeding on Thursday requesting an investigation. The DoJ, which was already looking into the matter, now wants the bankruptcy court to appoint an independent examiner to pro potential wrongdoing that may have led to the collapse of FTX. The filing said quote, an examiner could and should investigate the substantial and serious allegations of fraud, dishonesty, and competence, misconduct, and mismanagement by the debtors. In the same filing, the DoJ described FTX as the fastest big corporate failure in American history. The DoJ claimed that there is a substantial basis to believe that CEO Sam along with other managers quote mismanaged the company or quote engaged in fraudulent conduct. According to a Bloomberg report from Thursday, the U.S. attorney's office for the southern district of New York and attorneys for the SEC's enforcement division have sent requests for information to crypto investors and trading firms that worked with FTX. Now, meanwhile, in the court filing, the DoJ said an examination would be preferred to an investigation because the former can be made public. They say this is, quote, especially important because of the wider implications that FTX is collapsed may have for the crypto industry. Point being this is getting more not less messy. Now running the show out with a couple more bankruptcy related updates. Liquidators for failed crypto hedge fund three hours capital have seized $35.6 million from bank accounts held in Singapore. This is the largest portion of money gathered by liquidators since the firm collapsed in July, leaving 3.5 billion to creditors. During the latest court hearing liquidators blasted three AC founders Kyle Davies and suzu, for talking to the media when apparently they continue to be uncooperative with the bankruptcy proceedings. Teneo, the New York based liquidation firm acting in the case said during the hearing on Friday that they have only had one phone call with each of the founders in August and that soon Davies have failed to provide a complete set of financial records. Gen wisner of features writer at New York magazine, live tweeted the hearing and basically said it was crazy. Three ACs liquidators are currently slamming suzu and Kyle Davies for non cooperation and accusing them of making improper payments for the yacht much wow with company funds. I'm still in the hearing soon Kyle aren't present. It's about as wild as bankruptcy hearings get, the liquidator's position is the founder's behavior shows they have something to hide. Three AC's liquidation lawyers and the judge are now debating whether they can serve suzu and Kyle Davey subpoenas via Twitter because they haven't been able to reach them any other way. No one is sure if this has ever been done before. The judge doesn't even think of Twitter subpoena will work because both Sue and Kyle may have given up their U.S. citizenship and are hanging out non extradition places like Bali and Dubai. Not only were Sue and Kyle absent in the three AC hearing, their lawyers skipped it too. I'm told they were quote very aware it was happening.

Carolyn Ellison DoJ Sam New York Alameda research CEO Carolyn Ellison Gary Wang autism Sam Stan Wilmer Hale Hong Kong FTX Alameda The Wall Street Journal CEO Sam U.S. attorney's office Kyle Davies Singh Caroline Soho
"sam gary" Discussed on Squawk Pod

Squawk Pod

08:27 min | 2 months ago

"sam gary" Discussed on Squawk Pod

"Of such a large size? So there is that piece from the terms of service, but there were a number of other parts of the terms that serves a number of other parts of the platform on top of that. There is the borrow lending facility. Where users were lending billions of dollars of assets to each other. Collateralized by assets on the exchange. You had and you got obviously futures contracts where there are leverage positions on. Now, of course, all of this is meant to be the case that these are positions where FTX could, if it needed to, margin call those positions. And close them down in time such that it would cover all of those, all those shorts, all those liabilities. Obviously, that wasn't the case here. And that's a massive failure of oversight over risk management. And of diffusion of responsibility for myself running FTX. But just make this very straight. Was there co mingling of funds? That's what appears like. It appears like there's a genuine commingling of the funds that are of FTX customers that were not supposed to be commingled with your separate firm. I ain't knowingly commingle funds. And again, one piece of this, you have the margin trading. You have customers borrowing from each other. Alame is one of those. I was frankly surprised by how big Alameda's position was, which points to another failure of oversight on my part. And failure to appoint someone to be chiefly in charge of that, but I wasn't trying to commingle funds. Let me ask you this. The Wall Street Journal reported that Carol and Ellison told el nita staffers that Alameda used FTX client funds to cover loans that were being recalled because of the lunar triggered credit crunch. Carolyn says that she, Sam, Gary, were aware of this. How do you square that with what you originally said over Twitter that this was an $8 billion accounting mistake? So I'll point to two things. And first of all, obviously, I don't know what anyone else is thinking here. I can only talk about it from what I know from what I knew. And a lot of this is reconstructing it over the last month. I've limited access to data. But what it seems like happened is in the middle of the year, a lot of most of the bar lending desks in this space blew out or closed down. And it seems like Alameda had margin positions opened with them. And that it likely moved a bunch of that over to FTX. This year, when they shut down. And that means I think it was over collateralized. Positions, but positions that involve substantial size and substantial U.S. dollar size on the borrow side. In terms of the accounting mistake, again, looking through what happened, I think that there is a substantial discrepancy between what the financials were, what the audience and financials were the true financials, what the exchange understood, all of that was consistent. Versus what the dashboards that we had displayed for Alabama's account there, which substantially under displayed the size of that position. And so that's one of the reasons that I was surprised when we dug into everything at how big that position had become. But when you would agree that there is a much more closely connected version of FTX international and Alameda than previously understood. Fair to say? Yeah, I mean, given the size of the position, I think it was, if not in intention, it was in effect tied together substantially more than I would have ever wanted it to be. So you did an interview earlier the summer with Bloomberg and you were asked about the connection between Alameda and FTX and you said that obviously came from the same place because it started that way. And the same original people. But most of the remaining nexuses you said have dropped off. I know the people from Alameda decently well, almost as if you don't know what's happening there. And there isn't like a large amount you know of ways remain that we are actively working together. Anything like that, Alameda is a wholly separate entity. There are different offices like different principle offices. We don't have any shared personnel. We're also not the same company. We not all are under the same corporate umbrella or anything like that. And yet it seems like Alameda people were living in the same penthouse where you may very well be right now altogether. Most of Alameda was not there. I don't live there now, but not there now. I have not lived there for much of the time, but I did live with one or two members follow me for a little while. And I'll also say that as I was earlier this summer looking at the relationship and this is a pretty big mistake in oversight of mine. I was viewing it primarily from the trading volume perspective because that's what drives our revenue. And so when I was looking at how intertwined our FX and Alameda, I was looking at, well, what fraction of trading volume? What fraction of liquidity on the platform does Alameda represent? That had fallen off from something like 45% in 2019 to something like 2%. This year, but in terms of positions and balances, it was a much larger fraction. I hadn't been looking at that. That's a pretty big overview. I think the question is whether you were supposed to have access to these accounts to begin with. If I worked at a bank and was a bank teller, and I decided to leave the bank at the end of the evening and take the cash that I, since we had access to, even if I intended to bring it back to the bank later, even with more money to give them back, I still stole the money. I wasn't running Alameda. I didn't know exactly what was going on. I didn't know the size of their position. A lot of these are things I've learned over the last month that I learned as I was sort of frantically digging into this on November 6th, November 7th, November 8th. And obviously, that that's a pretty big mistake on market. That's a pretty big oversight that I wasn't more aware, I think I was scared of because of the conflict of interest about being too involved. And obviously that shouldn't have meant that I didn't have real oversight or that a really shouldn't have meant that I failed two point anyone to be in charge of that oversight of that relationship. But I haven't been running out of me. I haven't been thinking about its finances. I haven't been making those decisions, but I see you have FTX. It was still my duty to make sure that I was a large owner of it. That is true. And I had a lot of exposure on that side. So I wanted to give you been focused on it. If in fact, that's actually where the profits were. Well, I don't know that that's where, I mean, I think Alameda had made trading profits over the last years. But FGFs had made profits as well. FTX had been a profitable growing business. And that was more than a full time job. I didn't have the bandwidth to run two companies at once. I have the attention for it. And again, I was nervous about a conflict of interest between those two. And so it was pretty intentional about not being very involved in

Alameda Alame el nita Ellison The Wall Street Journal Carolyn Carol Gary Sam Twitter Alabama U.S. FGFs FTX
"sam gary" Discussed on CNBC's Fast Money

CNBC's Fast Money

04:27 min | 2 months ago

"sam gary" Discussed on CNBC's Fast Money

"From, which is to say that there is a view that this is about co mingling of funds. And in that letter that I just read you, this gentleman actually copy and pasted the terms of service for FTX into the email. And I just want to read you this. It says none of the digital assets in your account are the property of or shell or maybe loan to FTX trading, FTX trading does not represent or treat digital assets and users accounts as belonging to FTX trading. So how is it possible that Alameda had this loan of such a large size? So there is that piece from the terms of service, but there were a number of other parts of the terms that serves a number of other parts of the platform on top of that. There is the borrow lending facility where users were lending billions of dollars of assets to each other. Collateralized by assets on the exchange. You had and you got obviously futures contracts where there are leverage positions on. Now, of course, all of this is meant to be the case that these are positions where FTX could, if it needed to, margin call those positions. And close them down in time such that it would cover all of those all those shorts, all those liabilities. Obviously that wasn't the case here. And that's a massive failure of oversight over risk management. And of diffusion of responsibility for myself running FTX. But just make this very straight. Was there co mingling of funds? That's what appears like. It appears like there's a genuine commingling of the funds that are of FTX customers that were not supposed to be commingled with your separate firm. I didn't knowingly commingle funds. And again, one piece of this, you have the margin trading. You have customers borrowing from each other. Alame is one of those. I was frankly surprised by how big Alameda's position was, which points to another failure of oversight on my part. And failure to appoint someone to be chiefly in charge of that, but I wasn't trying to commingle funds. Let me ask you this. The Wall Street Journal reported that Carol and Ellison told I'll need a staffers that Alameda used FTX client funds to cover loans that were being recalled because of the lunar triggered credit crunch. Carolyn says that she, Sam, Gary were aware of this. How do you square that with what you originally said over Twitter that this was an $8 billion accounting mistake? So I'll point to two things. And first of all, obviously, I don't know what anyone else is thinking here. I can only talk about it from what I know from what I knew. And a lot of this is reconstructing it over the last month. I've limited access to data. But what it seems like happened is in the middle of the year, a lot of most of the bar lending desks in this space blew out or closed down. And it seems like Alameda had margin positions opened with them. And that it likely moved a bunch of that over to FTX. This year, when they shut down. And that means I think it was over collateralized. Positions, but positions that involve substantial size and substantial U.S. dollar size on the borrow side. In terms of the accounting mistake, again, looking through what happened, I think that there is a substantial discrepancy between what the financials were, what the audience financials were, the true financials, what the exchange understood, all of that was consistent. Versus what the dashboards that we had displayed for Alameda's account there, which substantially under displayed the size of that position. And so that's one of the reasons that I was surprised when we dug into everything at how big that position had become. But when you would agree

Alameda Alame Ellison The Wall Street Journal Carolyn Carol Gary Sam Twitter U.S.
"sam gary" Discussed on The Coin Bureau Podcast: Crypto Without the Hype

The Coin Bureau Podcast: Crypto Without the Hype

08:06 min | 2 months ago

"sam gary" Discussed on The Coin Bureau Podcast: Crypto Without the Hype

"It'll be in the description if you missed it. Now the bad news is that John and his team have only been able to locate around $740 million of cryptocurrency held by FTX. This balance doesn't include the almost $400 million of crypto that was stolen from FTX nor the $300 million of FTT that was recently printed. What's odd is that John seems to imply that Sam Gary and the other higher ups at FTX haven't been able to identify other crypto wallets that may belong to the exchange. This is odd because they damn well should know given that they were the only ones with access to the private keys. I suppose it doesn't matter because blockchain analytics companies are already hard at work tracking down every transaction that went in or out of FTX. Ironically enough, chain analysis, the largest blockchain analytics company, recently confirmed that it had exposure to FTX. John reiterates the fact that most FTX employees had no idea what Sam and co were up to. They had no idea that the assets of FTX and Alameda were being traded back and forth, nor that the cryptocurrencies of FTX users were being commingled with the companies, cryptocurrencies. Speaking of which, John confirms that FTX had billions of dollars in other investments outside of cryptocurrency. This is something that Caroline had mentioned on Twitter during the chaos, but many people were skeptical. The list of skeptics seems to include John as his team has yet to identify these other assets. This is all because of FTX unbelievably bad record keeping, which extended to internal communication. Quote Sam bankman freed often communicated by using applications that were set to auto delete after a short period of time, and encouraged employees to do the same. The conspiracy theorists aren't going to have a field day with that one. Now, despite all these hurdles, John assures the court that his team is collecting as much information as possible about FTX operations. They're working with former and current regulators and law enforcement around the world to that end. John and his team are also working to sort out all the different subsidiaries FTX had around the world, including selling them if they have any value. You can bet that competing crypto companies are going to be keeping an eye out for those fire sales. Now, what caught my eye was the section about access to data. That's because John notes that his team can not access certain data because the debtors have been advised that attempts to access this property of the estate may create a risk of its loss to unauthorized persons. John hints that this data is related to the largest clients of FTX as he claims his team can not make a list of the top 50 largest creditors without it. I reckon this list will eventually be produced, but it certainly begs the question of what information will be emitted. In closing, John takes a dig at Sam, saying that he quote continues to make erratic and misleading public statements on Twitter and that these statements should effectively be ignored. I reckon they're hard to ignore when Sam should already be behind bars and not tweeting or playing video games. So this brings me to the big question and that's what effect FTX is bankruptcy filing is likely to have on the crypto market. In short, it's going to be really bad. And that's simply because FTX was believed to be one of the most trustworthy crypto companies in existence. I mean, take a second to consider that Sam was on a first name basis with politicians, was actively pushing for crypto regulations and was allegedly in bed with the SEC and others. The FTX exchange received billions of dollars of investment from big names, including asset managers like BlackRock. Heck, even a Canadian pension fund invested in it. This gives the impression to politicians regulators and even crypto holders that no matter how clean a crypto company appears to be chances are it's doing something shady behind the scenes. The supposedly high quality of other crypto exchanges is now being called into question and it's not good. You can bet your bottom Bitcoin that we're going to see lots of investigation into not just FTX, but every other crypto exchange out there. This is almost guaranteed because FTX and Alameda were massive players in the crypto industry. This means they probably have lots of information about every crypto company. As I mentioned earlier, Alameda research was the largest recipient of all the USD T ever issued by terror. This means there is a high likelihood that Alameda has more information about tether than any other crypto company besides tether itself, and it's likely this information will be revealed very soon. On that note, the information that FTX and Alameda have about counterparties may be why Sam isn't in prison. If it's true, that FTX and Alameda were working with the U.S. government in some capacity, then you can bet that Sam has lots of information on Uncle Sam too. Information that powerful people don't want made public. Now, this is just my speculation, but to my mind, it's the only explanation as to why Sam continues to be living life as usual, despite doing tens of billions of dollars in damage to FTX users and the wider crypto industry. It's probably a similar situation for the other insiders at FDX and Alameda. In any case, it's clear that we're nowhere close to getting the full facts about what happened behind the scenes. Until we do, there'll be no shortage of conspiracy theories, some of which could well turn out to be true. There will also be no shortage of scrutiny directed at the crypto industry and to be honest, much of it will be justly deserved. Hold on tight. Are you ready to have your holiday boosted with a trip to jingle ball Miami? What about your access boosted to hang in a private party with Charlie puth? And your wardrobe boosted with limited edition jingle ball swag? Of course you are. Register now to boost your jingle ball experience. Go to iHeartRadio dot com slash VIPS. iHeartRadio jingle ball VIP X jingle ball boosted Pfizer and BioNTech are proud sponsors of iHeartRadio jingle ball and VIP X experience. Updated COVID-19 boosters designed for recent omicron variants are now available for those eligible. Hi, I'm comedian and parent of eisenberg. You may recognize my voice from NPR or the moth. I have a new podcast called parenting is a joke. Every episode I talk with a comedian about their careers and about being a parent. Guests include actress producer and writer Catherine reitman. I have a rule that my kids are not allowed to be Friends with kids with lame parents. I'm like, enjoy them at school. And stand up comedian Chris gethard. I was so cool. Like 5 years ago. I had my own TV show at subway posters with my face and now I'm picking a Bobby pin out of another human being. We talk about teeth, teen angst, Nietzsche, workaholism, eating sticks, and debating whether or not our 6 year olds should watch The Godfather. Listen to parenting as a joke on the iHeartRadio app, Apple podcasts, or wherever you get your podcasts. Also, your

John Alameda FTX Sam Gary Sam blockchain analytics Sam and co Sam bankman Twitter Caroline BlackRock FDX SEC Charlie puth Uncle Sam U.S. government Catherine reitman
"sam gary" Discussed on The Coin Bureau Podcast: Crypto Without the Hype

The Coin Bureau Podcast: Crypto Without the Hype

07:42 min | 2 months ago

"sam gary" Discussed on The Coin Bureau Podcast: Crypto Without the Hype

"It's been two weeks since FTX and Alameda research collapsed, and yet we are still only just starting to understand what happened. And what the effects on all of cryptocurrency could be. One of the biggest bombshells so far has been FTX bankruptcy filing from last Thursday. What it reveals about the crypto exchange is downright disturbing and foreshadows further grave issues for crypto. Today I'm going to give you a summary of FTX bankruptcy filing, tell you what it says in simple terms and explain exactly how it could affect the crypto market. Okay, let's get straight into it. FTX is bankruptcy filing begins with a declaration from the exchanges new CEO John J ray the third now there is a name. For context, Sam bankman fried stepped down as CEO of FTX when FTX and its sister company Alameda research declared bankruptcy on the 11th of November. You should also know that Jon is famous for being the CEO in charge of overseeing the bankruptcy of American energy company enron. John has also worked on other high profile bankruptcies such as nortel. His involvement in the FTX bankruptcy therefore underscores how serious the situation is. Now John starts by saying that he was appointed CEO of FTX in the quote early morning hours of the 11th of November, and his first order of business was to file for bankruptcy. His second order of business was to work with blockchain analytics firms, regulators and law enforcement to identify FTX assets. John then bluntly states quote never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here. This statement made the headlines in both the crypto and mainstream media. John goes on to explain that the chapter 11 bankruptcy filing by FTX has 5 objectives. Implementation of controls set up new procedures in the company, asset protection and recovery, transparency and investigation of Sam bankman fried. Efficiency and coordination with regulators, law enforcement, et cetera and the maximization of value, IE, compensating those affected as best as possible. John reveals that the information in this bankruptcy filing is based on his knowledge of what was going on at FTX. Obviously, the information is likely to be incomplete, hence why John notes that FTX will submit additional information in the coming weeks as it's unearthed. In other words, this still might just be the tip of the iceberg. Now, the first part of the bankruptcy filing details how FTX was structured. John identifies four groups of businesses which he refers to as silos. The first is called the WRS silo and it includes all of FTX U.S. companies and subsidiaries. Now for the sake of simplicity, I'll refer to the WRS silo as the FTX U.S. silo. The second silo is the Alameda silo, which includes all the companies related to Alameda research, which was one of the biggest traders and market makers in crypto. Alameda was actually the largest recipient of all the USD T ever issued by tether, more about that in the description. I digress. A footnote for the Alameda silos balance sheet notes that Alameda research loaned $1 billion to Sam bankman freed. Over $540 million to engineering director Nisha Singh and over $50 million to FTX co CEO Ryan salami. The third silo is the ventures silo, which includes all the companies related to FTX investment activities. Now, John refers to the fourth silo as the dot com silo. This is a little confusing since the dotcom silo includes all of FTX overseas companies and subsidiaries. So, let's just call this the FTX global silo. Now John explains that these four silos make up the FTX group. Not surprisingly, Sam bankman freed was the controller of all four silos. John notes, FTX and Alameda research cofounder Gary Wang as a minority shareholder in the FTX group, along with Nisha Singh, who was apparently also a cofounder. What's crazy is that no other investors besides Sam, Gary and nishad held more than 2% of any of the silos. What's even crazier is that FTX had raised $2 billion before going bust. This means that those investors got basically nothing in return, which raises lots of questions in my book. Anyways, what you're looking at here is a breakdown of the four silos, along with the ownership stakes that Sam Gary nishad and other investors had in them. If you're just listening in, Sam held 53% of the FTX U.S. silo, 90% of the Alameda silo, 67% of the venture silo and 75% of the FTX global silo. Third party investors only held 22% of the FTX U.S. silo and 25% of the FTX global silo. The rest was owned by the trio. John also provides a corporate structure chart for the silos and their surgeries. Now there's honestly too much information to go over here, and it's also kind of pointless to summarize since John cautions that its preliminary IE incomplete. The link to the full bankruptcy filing will be in the description if you want to take a closer look, the company organization chart is on the very last page. Anyways, John goes on to give a detailed breakdown of each of the four silos, starting with the FTX U.S. one. He begins by explaining that the FTX U.S. exchange itself had over 1 million users and was registered with the Department of the Treasury as a money services business. Not only that, but one of the subsidiaries of FTX U.S. was registered with the SEC. Some of you may have heard that there are peculiar connections between FTX, Alameda research and the SEC via Sam and Alameda CEO Caroline Ellison. I reckon this SEC registration is another peculiarity to add to that pile. After talking about all the other subsidiaries that were owned and operated by the FTX U.S. silo, John reveals that these subsidiaries hold around $1.4 billion in assets. However, he cautions that the numbers are likely incorrect due to Sam's involvement in the balance sheet report. It was also unordered. Interestingly, the FTX U.S. silo appears to have just under $400,000 of liabilities. That is dead. John notes that this can't possibly be accurate, given

FTX Sam bankman Alameda research John Alameda John J ray Nisha Singh blockchain analytics U.S. FTX co Ryan salami enron nortel John notes Gary Wang FTX group
"sam gary" Discussed on The Crypto Overnighter

The Crypto Overnighter

07:46 min | 2 months ago

"sam gary" Discussed on The Crypto Overnighter

"2022, he gave $27 million to his protect our future pack. That pack, which supposedly supports politicians working on preventing the next pandemic, that pack spent millions in donations in democratic primaries this year. He gave to senator stamina and boozman. They're authors of the D.C. CPA. The legislation, Sam was shedding on Capitol Hill. But more than just individuals, SPF was also generous with the Democratic National Committee and state Democratic Party across the country. Representative Choi Garcia of Illinois was the first member of Congress to vow to reject that donation. Now granted, it wasn't much, but representative Garcia said that the $2900 a SPF gave him was going to go to charity instead. Rohan gray is a legal professor at willamette university. He's been known to speak on the subject of cryptocurrency, as well as giving advice to House Democrats. He said quote, a lot of Democrats who had considered that Sam beckman fried was one of the good ones who we could really talk to, have a lot of egg on their faces. And that seems kind of appropriate to me. I think the thing most people can't get past is how Sam hurt ordinary retail investors without a lot of money to lose. If he was just running his exchange above board and running Alameda research above board and they tanked, that would be one thing. Everybody would say, oh, well crap that sucks and move on. He would be able to move on too. Maybe he could come back from that. Maybe he couldn't. But instead he chose to mishandle client assets. In his actions, lost those clients billions of dollars. And that's having immediate effects right now. Crypto is just not looking so good in Congress these days. So this bill, that SPF was pushing. And I've seen people describe it as his bill. Bill. I don't know about that. But I do know that the D.C. CPA was a very controversial thing in some sectors. Over fears that DeFi projects would be hurt if this bill was passed. Designed to hand regulatory power over to the commodity futures trading commission, the bill divided the community. There have been accusations that the rules proposed in the bill are too strict and that the bill mainly benefits incumbent actors in the space like FTX was. Ron Hammond is the government relations director for the blockchain association. Speaking on the subject, he said quote, no CEO, crypto or not, has been personally lobbying in D.C. to this extent. This access to sea makers and staff was welcomed. Between his personality and apparent success, the hill largely liked SPF. Now here's the thing. It doesn't matter how well he was liked to be honest. He committed a cardinal sin. He was caught hurting the little guy, and you can't be a politician and stand next to somebody like that. So you think that that would be enough to kill the bill. How are you going to move forward with legislation proposed by someone who just injured retail consumers to this level? It looks to me like they're going to just distract. Him and said quote, D.C. CPA is still not finished yet. And likely will be iced out until next year. However, Congress always feels compelled to act during a crisis. That doesn't mean crypto will be an afterthought until 2023. In fact, it is very likely that hearings will be held this month or next on this. Every member will ask what happened and how can we prevent this from happening again. Now, you might wonder how a piece of legislation would have any hope at all at this point. It's got Sam's fingerprints all over it. That kind of thing just doesn't seem to matter though. Jim angel is a finance professor at Georgetown. He said quote, clearly the credibility of the FTX people is now shot. The nice thing about politicians is they generally have no memory. And so it appears that both Debbie stabenow and John Boseman are planning on pressing forward with the D.C. CPA. At committee chair stepping out said quote, the recent collapse of a major cryptocurrency exchange reinforces the urgent need for greater federal oversight of this industry. Consumers continue to be harmed by the lack of transparency and accountability in this market. It's time for Congress to act. Now, I would say that the time to act was something time ago, and it's not the lack of transparency and accountability that's hurting people. It's the lack of legislation. But that's beside the point. She added that she's still working with Boseman and regulators to get the bill ready for a committee vote. And Boseman was right with her. He said that he's committed to seeing the bill advance in the Senate. He put out his own statement. Quote, in light of the developments, we are taking a top down look to ensure it establishes the necessary safeguards that digital commodities market desperately needs. Chairman stepping out and I committed to advancing a final version of the DCC PA that creates a regulatory framework that allows for international cooperation and gives consumers greater confidence that their investments are safe. And the thing is, this bill does have a lot of support in the crypto world. People who want to see increased clarity around regulation. They're tired of watching money walk away from the crypto space because the rules aren't clear because people don't feel protected. Either way, you can be sure new legislation is coming in the wake of SPF and FTX has meltdown. Democrat representative Maxine waters of California said that there is an urgent need for it legislation. But I don't think she's talking about the D.C. CPA. She said quote, now more than ever. It is clear that there are major consequences when cryptocurrency entities operate without robust federal oversight and protections for customers. This week's news further highlights the urgent need for our legislation. We seem to hear that a lot urgent need. The last several months have seen waters and her Republican counterpart Patrick mchenry from North Carolina working together to set new rules for stablecoins. This is a separate bill from the D.C. CPA. And this bill would create a federal framework around stablecoins and would also ban the types of stablecoins that are not backed by external assets. Senator schroder, a democratic senator from Ohio, is also a mentor of the Senate banking committee. And he said quote, it is crucial that our financial watchdogs look into what led to FTX collapse. So we can fully understand the misconduct and abuses that took place. I will continue to work with them to hold back bad actors in the crypto markets accountable. So what's the latest on salmon is Mary band of financial miscreants? Well, it appears that Sam, cofounder Gary Wang and director of engineering nishad Singh are in The Bahamas. And our quote under supervision by bahamian authorities. A source reportedly told coin telegraph that these three guys, as well as one that Caroline Ellison, CEO of Alameda research, they were all looking to escape to Dubai, presumably because they think that there's no extradition agreement with the United Arab Emirates. Unfortunately for them, that's no longer true. On February 24th of this year, the United States and the UAE signed a mutual legal assistance treaty. Specifically to work together against criminals. They wouldn't have been safe there anyway. According to this source, Sam Gary and nashad are under supervision. They are not going anywhere. Ellison is reportedly in Hong Kong, meaning she might make it to Dubai. I'm not sure that we'll do any good. Very likely, if any of them had made it to Dubai, they would have just been sent back on the

D.C. CPA senator stamina boozman Representative Choi Garcia Rohan gray Congress House Democrats Sam beckman Sam Boseman commodity futures trading comm Ron Hammond blockchain association willamette university Democratic National Committee Jim angel John Boseman
"sam gary" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

02:45 min | 2 months ago

"sam gary" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

"That's right. So if you have any crypto on the exchanges right now, remove it and put it in cold storage. This is your last warning. Heed. That's right, concluding a dedicated threaten to the topic. He noted that exchange balances are best estimates based on wallets clustering. They are more likely to be lower bound than an overestimate quoting him here. These fund flows between exchanges include both real customers, plus the FTX slash Alameda, hard to separate thus looking at relative to balanced. He added, and forecasting how the current scenario may play out, we got crypto analysts, make out beneath pop, who meanwhile said that the worst was likely not over yet, quitting the analysts here probably will have more issues with exchanges coming weeks, but probably also a ton of gossip he told Twitter, Twitter, followers, stay safe, be calm, and don't make emotional decisions. We're in terrible territories, but crypto will come out. Stronger and at the time of this recording, as you can see, right on your screen, we got Bitcoin currently trading just above 16,000, $600. Let me know how low you feel the king crypto is likely to go for this month on November and to end out this year. Do you think we'll break the current low of $15,600? Let me know in the comments right down below. Now let's break down our next story of the day. There's rumors circulating all across the crypto sphere of the arrest of sandbank men freed as a story was published by coin telegraph just yesterday about his ultimately detaining him in The Bahamas, which is where FTX and Alameda is out of. So without further ado let's break down our next way of the day and discuss SPF potentially being arrested and let's break it down. FTX former CEO San bankman fried cofounder Gary Wang and director of engineering Nisha are understood to be in The Bahamas under a supervision by the local authorities, a source familiar with the matter told coin telegraph that the three former FTF executives, as well as almeida research CEO, Caroline Ellison, are looking for ways to flee to Dubai. I wonder why. And while the plan was made assuming that the U.S. doesn't have any extradition treaties with the UAE, the nation signed a mutual legal assistance treaty back in February of February 24th, 2022 to work against criminals right now, three of them, Sam, Gary, and the shot are under supervision in The Bahamas, which means it's hard for them to leave, said the source who asked to remain anonymous, the source also revealed that Ellison is currently in Hong Kong, adding that she might be able to get to Dubai. However, a community member coin bureau cited his source in the U.S. government to confirm that FTX members attempting to reach Dubai will get detained at the airport and send straight back to the United States. Nice try trying to escape, right? A similar theory was discussed as a part of a

Alameda coin telegraph The Bahamas Twitter FTX San bankman Gary Wang almeida research Caroline Ellison Nisha FTF Dubai UAE United States Gary Sam Ellison
"sam gary" Discussed on The Breakfast Club

The Breakfast Club

07:31 min | 1 year ago

"sam gary" Discussed on The Breakfast Club

"You i arrived. We'll get into that next. It's the breakfast club. Good morning. the breakfast club. Mo- angelini close enough maurice fain aka arkansas mo who you've seen on levin hip hop atlanta. He used to date carly read. He's been sentenced to more than seventeen years in federal prison. That's for conspiracy and wire fraud related to a ponzi scheme and also for bank fraud and making false statements to a financial institution due to a fraudulent paycheck protection program loan application. They use that money to serve which was supposed to serve as a lifeline to many businesses. China stay afloat for his own personal greed. He lied to get access to the pandemic response programs and they said that is not without consequences and so according to reports he was using that money to fund his extravagant lifestyle. They started even before that though. Right from march twenty thirteen through may twenty twenty. They said he ran a multi-state ponzi scheme that defrauded more than twenty people who invested in his trucking business. He primacy we use that money to operate the business instead he uses pays personal debts and expenses and to fund extravagant lifestyle for himself. Now during the scheme you spent more than five million dollars at a casino in oklahoma then in april of twenty twenty. He submitted a three point. Seven million dollars. Pp loan application. He said that his trucking business had one hundred and seventy employees and average monthly payroll of almost one point. Five million dollars. He was gonna use that money to allegedly retain workers maintain payroll make mortgage interest payments lease payments and utility payments related to his business instead. He used that money for past due child support. Restitution owed in a previous case. Cash withdrawals custom jewelry rolls royce and also for associates. Who helped him run a ponzi scheme and to start a new business and arkansas so he has been sentenced to over seventeen years and then after that he has to do five years of six years now five years of supervised release and he has to pay restitution of almost four point. Five million dollars to the victims didn't brother healing energy. But we've been telling you off for the last year that you full to fig. Llc's you're going to pee telling you that for the past three hundred sixty five days. Now i i do believe that they do need a consequence but i. I'm just curious to how many white collar crimes when people look at. Somebody named mathew montana. He got eleven years but he stole allegedly two hundred seventy six million dollars. You know you look at somebody. Like jeff grant at sixty four months fourteen months for wire fraud and money laundering. I'm just. I'm just curious on his senses. I'm sure it's not because it never is an american. He does need a consequence but to make sure that everybody's consequences to say you know it's not the same. He's black and white people you're talking about. Stop and and i don't know what their their attorney was like. We don't know gone attorney brother. The brother we jersey. He got better and cutting a deal to even get this lighter sentence you know so. They did job some of the charges but some of them only multi state and like. I said this started back in twenty thirteen where he defrauded. People who invested in his checking business allegedly good. You gotta get the right attorney for federal case like this. It was expensive was about a couple of probably didn't have it. Yeah all right. Now tabby taibbi spencer has apologized to britney spears and sam gary remember we were talking about the prenup situation and she made a joke. You know to make sure. You get a pre-nup wednesday announced britney spears announced that she was engaged. Whoa now she's apologizing for that. She apologized privately and she wrote an instagram posts. Y'all a few days ago. Sam britney announced their engagement and me being me. I made a joke. My intention was to make them laugh. Not cause pain. I restarted this lovely cup of privately to apologize and now wants to restore just a smidge of happiness. That they were robbed of. She said britney fans have seen her through a lot of pain and found happiness where thrilled for her seles. Show them love no negativity from someone shore apologize. But what's wrong with telling telling somebody to get a pre-nup nothing. I thought that's advice now. Sam gary did comment on her coast. He wrote you are very kind to clarify. But i have no hard feelings whatsoever. Jokes and misconceptions come with the territory and didn't he say something about We are going to premiums. You don't take my shoe collection. Something crazy joe come on man. Come on if you feel like you're a friend. Is somebody apologize. But what's wrong with that. Like come on his thumb people. I write and wendy. Williams has cova so premier date for her show has been postponed to october They did do oppose. They said she tested positive. For a breakthrough case of kobe. Nineteen to allow anytime to quarantine and fully recover and to ensure that our production abides by all sag. After dj kobe protocols we expect to begin the thirteenth season of the wendy williams. Show on monday october. Fourth in the meantime repeats are scheduled sending wendy williams healing energy. Wendy the vaccine she ever say back from the break. Dookie i right well manly and that is your room. Reports already got front-page news next. We'll be talking about. Yes and let's talk about what's happening with this larry nassar case some of the women. That gymnasts has spoken out. Simone biles was the first one to testify will tell you what she had to say. All right we'll get to that. Next is the breakfast club. Good morning breakfast club your morning zone. Never beat a saying what looked like a million bucks but only spend a handful of books upgrade to a dollar shave club. Six blade reason for noticeably smooth shave thanks to their six precision cut stainless blades. Find your perfect shave wherever you shop in store online at dollarshave dot com. That's dollarshave dot com morning. Everybody is dj. Envy angela. Yee charlemagne guy. We are the breakfast club. Good morning. let's get this front page news where we start well. Let's start with. Us elite gymnast. Simone biles michaela maroney. Maggie nicols alley razman. They are testifying before congress and what they're testifying about as they say failures. Fbi's handling of the sexual abuse. Case against larry nassar. Who was a former usa gymnastics team doctor. He was sentenced twenty eighteen to up to one hundred seventy five years in prison and right. Now they're saying that they have been failed and they deserve answers. Now simone biles was the first gymnasts speak and she was fighting as while she was speaking. Here's what she had to say about the trauma that she has after being sexually abused by larry nassar. The scars of this horrific abuse continued to live with all of us as the lone competitor and the recent tokyo games. Who was a survivor of this. Hor- i can assure you that. The impacts of this man's abuse are not ever over or forgotten the announcement in the spring of twenty twenty that the tokyo games were to be postponed for year. Meant that i would be going to the gym to training to therapy living daily among the reminders of this story for another three hundred sixty five days in addition simone biles does blame larry nassar and also the fbi because he feels that they enabled him to be clear. I blame larry nassar. I also blame an entire system that enabled and perpetrated his abuse. Usa gymnastics in the united states olympic and paralympic committee knew that i was abused by their official team doctor long.

angelini maurice fain sam gary fig. Llc arkansas mathew montana jeff grant larry nassar breakfast club taibbi spencer Sam britney britney spears carly levin wendy williams royce
Octavia Spencer Apologizes for Prenup Joke

The Breakfast Club

00:39 sec | 1 year ago

Octavia Spencer Apologizes for Prenup Joke

"All right. Now tabby taibbi spencer has apologized to britney spears and sam gary remember we were talking about the prenup situation and she made a joke. You know to make sure. You get a pre-nup wednesday announced britney spears announced that she was engaged. Whoa now she's apologizing for that. She apologized privately and she wrote an instagram posts. Y'all a few days ago. Sam britney announced their engagement and me being me. I made a joke. My intention was to make them laugh. Not cause pain. I restarted this lovely cup of privately to apologize and now wants to restore just a smidge of happiness. That they were robbed of. She said britney fans have seen her through a lot of pain and found happiness where thrilled for her seles. Show them love no negativity

Taibbi Spencer Sam Gary Britney Spears Sam Britney Britney
"sam gary" Discussed on Mojo In The Morning

Mojo In The Morning

08:16 min | 1 year ago

"sam gary" Discussed on Mojo In The Morning

"Be rented dates for writing his own business doing and he was phenomenal. Would you ever do that. Do you have any guy friends of yours that you would trust enough to bring to a wedding where you're just you're your gas and you want them to be like a stunt date for a lot of gay guy friends so that's always like a safe one too you can bring the date. You'll look at in pictures. They'll dance with you but you also don't feel like any. You're not afraid they're gonna take it the wrong way like oh. She's inviting me to a wedding february. One of my guy friends for sure. Would you tell everybody this is my my gay friend or would you. It's an awfully sure your friend depends on what who was at the wedding and who was asking to my family. I would be honest but if it was like a friend who i knew had judgmental people so how was how was the wedding was a nice that your sister allies so much fun it was it was a great wedding was The first kid and my family just me and my two sisters and my others are irbil single so it was the first wedding in the family. It was the first grandchild on the one side of my family to get married so it was like a big a big deal a cell phone. That's cool for a wedding youthful outside. We like fully lucked out and it was like the easiest wedding the bride. Aren't you happy though. It's all over without yesterday. How many how many weddings did you did. You have this summer. I only had three. But i had a bachelorette party bridal shower the wedding for two of them so i had. I take eight trips home. This summer for weddings. Wow yeah. we're we're thrilled. That show where a lot of open bars. But i remember there was one year that when shannon was working with us where i think you had like ten weddings. It was insane. It was like every weekend there was a wedding. There was a wedding and then it turned to like three years later. It was baby showers every sunday showers. Baby shower baby shower. Get ready if you so. I live not where. I grew up in a lot of the weddings. I'm being invited to her in my hometown. If they all start having babies. I don't have to go home forever. Cemetery go to the wedding. That's actually very good point. Yeah yeah you know what i mean. There's no obligation to go. You send a gift card you say. Hi happy baby. And the new. My cousin had alpacas at his wedding. Here is a grim story l. Pack pack up there. I was at an all pac a farm and so they brought them back yard for the wedding. I later on the one. They look like lama. Same what do you do on a date at an l. but it was the cutest thing i've ever seen. I didn't even want to hang out with anybody else but the packers so what do you. What do you do at a wedding with paths pictures. Pack now i don't. We didn't feed them. Yeah petting zoo. Yeah yeah but they just wandered around alpacas noises and things. The one was making like noise but apparently it was like always. Does that. smell independent honest to god. They did not smell they really didn't Do quickly randomly see them poop. I'm sure they did. Bikes first date was at a club night for work does. Should he bring the radio station. Vehicle actually stationed not. Somebody came from one of the promotions. Miss this mojo in the mornings dirty thirty in minutes. I don't think billy eyelash is a jaylo fan. Why say that. And what the is last night i have to do with my assumption and jennifer. Aniston cryan on ellen. Degeneres this show today. I'll explain coming up in the dirty seeing with. Who and what will you be talking about all day. Multiple in the mornings warnings dirty on the thirty. Rit shannon with the dirty on the thirty s does not seem to be a jaylo fan as jennifer lopez made an appearance at last night's mtv presentation everybody in the audience clapping and cheering inside. Brooklyn's barclays center billy bush. Just totally stole. It was an offer camera. I what. I don't think she really is a problem. I think someone forgot to tell her. Hey taylor swift words tonight. So you're the one they're going to cut to you every time the ended. Billy looked anything but impressed as dealers took the stage. No clap everybody else clapping. She just kind of like twiddled. Her fingers in her face was totally expressionless. So people were like. Oh something going on there. I don't video of the year went to little nasdaq's last night. For montero dosier took home. Some awards artist of the year went to bieber travis. Scott nabbed best hip hop educates on mayor beyonce bruno mars all picked up trophies. Group of the year went to beat speaking of billy irish. She took home a few men. I just want to say that we need to protect our young women at all costs. We also need to remember that we all have power and we have to remember to not abuse it stars taking home the most trophies little nauseous bieber and olivia rodrigo aggregate this award to all the other girls who write songs on their bedroom floor. There are a lot of people will try to dim your light but speaking your mind and sharing your heart or the most beautiful things in the world. And here's saddam thank. You can see the complete winners list dot com. it's right. There paves the big news from over the weekend. Britney spears is engaged to her boyfriend of nearly five years sam gary. She posted a video of herself. Standing next to sam and offer big diamond ring four carat diamond ring and she captioned a photo of epping. Believe it do. We have actually the clip that the backstreet boys sent to her. That was really sweet. Was giving run the red carpet. Yeah and the backstreet. Boys had to say hi. We love the backstreet boys. Congratulations my dear. Deserve the best in the world has been through enough. Hell this is your time enjoy it. We all know him. She was supposed to come up to see her to be happy. I think we can all genuinely say wound up on side of her since she was twelve years old. So down the line that jews now going to marry the reporter and the red sox sweets ask that question. That's two hundred celebrities. Would you like to congratulate. Britney spears in all of them at the same look. Nobody had any idea what they're talking about. Because they've been getting ready for the awards on and my favorite is watching east coverage of any kind of award show. Although i don't know if he covers the vm. As but My favorite is the that the people who cover don't prep they have no prep going on. So they they. Sometimes they don't even know what to ask people so they'll say the famous one is what are you wearing is my favorite of. So they can talk about that and then what a year you've had an asset to a person like megan fox or whatever that hasn't really done a whole lot of kelly god it totally throw lake so high everything but the other thing the other giveaway on whenever they ask right away. They say who you most excited to see tonight. It means they have no idea who it is. They're talking to and they're waiting for someone to whisper in their ear. Actress and activist rose mcgowan. Who made headlines remember in the new york times for detailing harvey weinstein sexual assault of she was. I mean yeah. She was one of the first. Will she now says that. California governor gavin newsom wife tried to silence her about all of the weinstein stuff. Last week is when we started getting some details about this. She talked about a call. She received from jennifer newsom in which she claims. She was nearly bribed in disdain. Silent about weinstein now just a. You have a time line here. This phone call came about six months before the new york times piece exposing.

irbil billy eyelash Aniston cryan Rit shannon Brooklyn's barclays center montero dosier bieber travis beyonce bruno billy irish olivia rodrigo billy bush shannon lama sam gary Degeneres packers jennifer lopez taylor swift Britney spears
"sam gary" Discussed on Who? Weekly

Who? Weekly

07:57 min | 1 year ago

"sam gary" Discussed on Who? Weekly

"We got two big dancing with the stars announcements for season. Hold onto your butts thirty. I don't know how the show works out there thirty-six at this. I asked us every time and amount of seasons dancing stars. But i don't i don't think dancing stars has been on for my entire life like. How does this work. I think they just do two to three seasons a year so it just and we have the two. I guess flashiest announcements that have been revealed so far for the season. Our suny lee and josie well as in bodo. So it's it's they got. I will say this is to first of all these two good desma stars manages to pull out a few very good press wrote casting press release like every budget. I think they also have a good budget. Let's just think that they're good the casting somehow. There's always someone in the news that they can get whether it's like fucking joe exotic or like crucial staus. Yes something like somebody who's in the news will always ours. Because also i think it's like now like them's done dancing with the stars to and really enjoyed and like it is kind of it. Kind of is a good experience all around like fun. It's like it's not really embarrassing. They work around your schedule. Allegedly where it's like. Oh i can only do three weeks. So that's like well then we'll vote you often. Three weeks don't dance. I kind of inspiring and if you feel good when you're able to figure it out or do or maybe they make you look good. They always make you look good. You know even if you're bad they kind of do make you look good so anyways they got the kind of olympic star. That isn't what's her face because we didn't have a lot of olympic breakouts this year. We were so strange olympics weird but we also had. We were very much distracted by a lot of things having to do with the olympics. That really didn't have to do with the people in the olympics and also got now. Her name is slipping into my brain but the gymnasium boils brat but and then simone biles kind of took over the headline for like most of like the gymnastics run. But if you did care about maybe a little bit. Beyond the headlines suny lee was like the other star Right and it's just it's funny because any other year sunni would have been all over the press she would have been everywhere and this year for reasons beyond her control she just wasn't and so i think it's cool that she's getting this next opportunity and it's like how can you go wrong. You just can't go wrong. Also she's a gymnast so she's going to be good at this wolf. you know. it's always dancing with start as always hilarious. Because it's once they started letting athletes do it. I was like they're going to fucking so we you know like they're all good at this. Leaving the professional dancers do it or like paula abdul types who were professional dancers. What i'm willie laughing at. Is that the other news. Breaking person who is arguably event is joe. Joe was doing dancing with the stars with a female partner. Which is incredible. So i dancing with dr same-sex dancing couple but what's so funny and so unfair about this even though i support completely is joe. Seawall literally is a professional dancer. She's from dance moms. She's really good at dancing like How is this even allowed. I mean you have a of olympic medalist and a professional dancer like these are the to beat right. What's what's kind of upsetting is that because it's a voting based show. I worry if joe is not going to do well because america's gonna be like oh same sex like dancing couple makes me feel weird or whatever. I'm not used to this because like who watches and votes for the show. You know like we watch episode to two episodes and like move on with our lives. But then also producers can skew anything they want to like the producers can decide can make the final call. You know yeah. Blow joe on dancing with the stars is is such a but like she is going to be years eons beyond anyone who they get. Who's like an actor or like whatever else they did normally even gymnast even a gymnast. You think the to translate. I feel like i'm just gonna try and do i normally do. I mean it's very different than gymnastics boats. I've seen that can be as difficult as doing. Gymnastics was really excited because i get to have and let loose. Yeah i don't think anything in your life will be as difficult as what i saw. You do there in the gym. All right joe joe. You came out earlier this year. You made big headlines and now you're making history. I am so happy that this is happening. I'm so happy that i get a dance with another girl. I think this is going to make it normal for other people around the world and you know i always said obviously you can love where you wanna love. That's known all around the world of course and that's the message out have been spreading especially to a younger generation really quick headline before we move onto a longer longer news. I saw this headline hollywood life and laughed out loud. Jordan would sizzles and tie-dye thong bikini as she says. Quote happiness has choice photos which really says it. All doesn't it it does. Happiness is a choice. Happiness is a choice. Happiness has a choice. Did you look at the photos. She's like on vacation. she's in her she's interbike. She's like snorkeling and some of them. And it's like she looks happy. She looks like she chose to abstain start abstaining from jordan woods news because literally a hundred and ten percent about it is about her body like it's just not as it's not that fun or interesting or anything i know. What's i know what's to come. You know. i know the. I know the plot line of this like jordan woods says happiness is a choice and if headlines about jordan aren't making you happy you should ignore them and so i think you're really following her ideology here. I think should be of you. You've you've chosen to be happy I just feel like people feed off negativities so if you feed into that one time. Somebody's gonna say oh. I can get a response. By if i say something negative so then i'm just gonna keep saying negative things there because it gets under her skin. I think the thing about me in general in real life in social media. I'm very unbothered. You did however click on a headline about sam as ghauri well. I laughed because first of all the headline. I don't know how i came to perez hilton extra. I know how i can result. And it's just like on my rss. But i laughed at the headline because it makes like it's none no sense mixson. Britney spears is boyfriend. Sam gari hilariously compare his own level of fame to the rocks with hollywood's tour bus. Okay what the fuck does that. Even mean like position hour and i was absolutely baffled even upon reading everything. You had to walk me through what was going on here. You have to like. We've done this before but you almost have to leg sentenced diagram this sentence to even come close to what it means. So of course. I click on like i can't even imagine what this means when what it means is very simple. It's just this headline was written by like a robot on like twelve espressos. Like it's just not better. it's just not even leg. Coherent me after. I drink too coffees before. Four o'clock i'm like man. Boston dynamics is like we trained one of our freaky robots to write headlines for perez hilton. And it's like watch britney spears bf. Sam has gari hilariously. Compare his own level of fame to the rocks with hollywood tour bus. And we're all like. Oh no it's going to be an apocalypse. The robots or too smart. Oh no stewart's everyone's like well. This headline is actually something robot role. It's incredible and it's like read it again. Read it again. You know well. This robot can really dance. Watch it again. Watch it again. Okay so explain what happened here. Okay we'll play. The audio of the rock won. Because when i when you explain. It's quite simple plate. So he sam. Gary posted reposted a clip of the rock on instagram. Doing this or this has got.

olympics joe exotic gymnastics joe simone biles suny lee jordan woods olympic josie paula abdul lee joe joe willie hollywood Joe mixson Sam gari perez hilton america
"sam gary" Discussed on The Michael Berry Show

The Michael Berry Show

04:53 min | 1 year ago

"sam gary" Discussed on The Michael Berry Show

"We'll get back to you. I truly believe that in a moment. I'm going to play a story. That randy wallace's done at fox twenty six rain. He's doing fantastic work. Keeping the heat on this story he has owned this beat. They've got a series they're doing call breaking bond in it's about how the rebuilding of the criminal justice ecosystem folks. We gotta jam this down their throat. These bastards have got to pay for putting murderers back out on the streets. We've got a democrat mayor who won't say anything about it. That's why when artas vado left. Because i survey oh was talking about how the bond system was put in a murderers back out on the street in no matter what his cops did. They wouldn't do anything about it. So when osservato what okay. We'll do it in a minute. I don't wanna do it just yet. when also vado went to miami he replaced him with the chief who made a promise that he would not speak publicly on the court system because silvester turner does not want to embarrass the democrat district attorney kim ogg and he doesn't want to embarrass the democrat county. Judge lena dog go or the other two democrats on the county commission because they have three out of five majority now and he doesn't want to embarrass democrats on the county courts because he wants to run for congress. The senate or the governor's office and democrat party. Wants to keep this snuffed out. They don't want you to know what is happening in harris county but there is a white liberal democrat. Judge named greg glass. Who's a career criminal defense attorney who has let a capital murder suspect. Who was already on parole and now he's been captured for capital murder and he has let this guy out on a bond. You've got basically the inmates running the asylum. You've got a ball of criminal. Defense attorneys who the democrats got elected. You don't know who greg glasses. Nobody does the democrats put the most liberal people they could on these courts are harris county. Republican party collapsed so they didn't drive any votes. The democrats are organized. Their straight ticket voting across the board. They're cheating and sheila jackson-lee district and we all know it and they know we know it. But we're not bold enough to do anything about it. The harris county republican party collapsed so nobody was given money to them. They were squandering money on consultants. They didn't even fill all the seats. Even if we had turned out our votes we have criminal court judges offices that we didn't even have candidates running. We couldn't win if we wanted to. Well hopefully cindy siegel is going to change that. She's a new harris county party chairman. I hope to goodness she does. Because we can't continue to live in this county like this. You're talking about a guy that's out on parole. He's already out on parole. He's already been caught in a serious crime and while he's out on parole he's apprehended in a capital murder case and the the liberal democrat. Judge says we'll just give us a little cash and you can go on about your way. I'm sure you're a sweet tender wonderful guy. What if that guy lived next door to greg glass. You'd think judge glass would be so keen to let him out. Because e greg last knows he doesn't live next to him. He lives next door to some poor black person. He lives next door to some black kid. That's gonna get murdered as a result of this are some black former baby. Mama is going to get murdered for this. Oh but i'm the racist. Republicans of the racist. You're gonna put that guy back out on the streets to commit another murder any will will tell you that story just a moment but first were in the midst of a very intense. I truly believe when i start with you. Get right to your point. We're going to start. We'll go jerry. Sam gary kelly. Michael that odaguard ramon remote show presents are.

randy wallace fox twenty artas vado greg glass harris county silvester turner kim ogg democrat county Judge lena greg glasses vado sheila jackson lee district harris county republican party democrat party cindy siegel miami senate Republican party congress
"sam gary" Discussed on Daily Pop

Daily Pop

04:17 min | 1 year ago

"sam gary" Discussed on Daily Pop

"And you've been in another relationship. I always say when you're friends with your ex dating somebody else your code dating because your heart is not fully into that new relationship to intimately and it's like do you want your partner to have this friendship with someone who knows them almost on the same level that you do. It's it's a little uncomfortable for both parties. Let me ask you. a question. should be paying attention to this because she reportedly reunited over the weekend. A source close to j. tony news. Alex flew out to see her work is he doesn't want to give on their relationship and is willing to do whatever it takes. We're told there spent two nights together trying to work things out. I think in this situation. These people were together for a while. They've invested in a lot of things and a lot of times when i have money involved with an axe. I'm like you know what i hate this. Po s right now. But i'm gonna just keep this together so we can get this cash and really figure this out and i think when you have children that have co mingled then have like you know you've raised for two or three years. You've got to kind of have a friendly moment with that person because you're going to talk to their kids how you gonna talk to my kids and not talk to me. I think is going on here. Yeah i think it's i mean they definitely are intertwined family at this point the way that they have been living the last couple years. It's not just money. It's yeah these kids in the friendships and they've built relationships. They've built with each other and those girls look at lo as another mom. So it's it's gonna be really challenging. But if she doesn't want this to work how he's just making it really difficult. You shouldn't even be meeting up if she doesn't want this to work out. Think i feel like women say. Don't call me don't tax me. I don't want to hear from you when meanwhile you guys want the calls you want the tax you want the guys to be groveling but like once we've officially announced it's over like we've already set the intention our heart. It's over like the first time around when they were doing. They're like we're working through something that's when she was. Don't call me. Don't text ninety. Show tommy and come to the iphone now. It feels like to me again. I have no insight into their release. It feels like he can't let it go and by the way would you want to let her like would you want. Let j. lo logo like it's not gonna get any better for you like she is so i understand him wanting to hang onto it and i didn't realize that they were they. They spent two nights together. I thought it was just a fancy brunch and some wine and like whatever like she was like. You're in town. Find whatever we can see each other because there's no hate there but two nights i mean that's that's some big commitment and it was. It wasn't just this weekend oscar week. There's a lot going on for her to give up all that to hang out with her Say really thought that was gonna get married and here we are. We have the story here. You guys speaking of hanging on. Michael b jordan is going to be here you wanna hang on to. This will explain what he's talking about after the break. Welcome back to daly pop. It's time to take a look at the stories making headlines in today's hollywood minute lonzo has a lot to celebrate. She turns thirty three tomorrow and her album. Because i love you hasn't left the charts since it dropped two years ago. She marked the occasion on instagram writing. Happy two years of being one hundred percent that bitch keeping the party going brittany and sam. Gary got all dressed up to celebrate. Sam's best friend's wedding. The couple took some cute pictures together before hitting the dance floor. And sam took a minute to give props to the medical community writing. Thanks to science we get to dance again and live from new york. It's yuan musk as a now. Just house the tesla's ceo will host their may show which will also feature musical guests miley cyrus the news. 'cause a bit of an uproar. Some people think alon is an inappropriate choice and others are concerned. He's just not that funny. The show is on hiatus until lonzo episode but he definitely gives the writers a billion opportunities for jobs. And that is your hollywood. Minute and michael. Jordan is the poster boy for body goals. But don't let the six pack chiseled arms full you. He enjoys pigging out just like the rest of us. And he's giving.

Alex new york two Gary sam brittany two years Jordan three years Sam j. lo hollywood two years ago two nights both parties today iphone one hundred percent tomorrow Michael b